Fair value (multi-method)
Four independent methods triangulate what FTNT is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.
Estimated fair value (Forward DCF)
$319.83
Method range
$4.67 – $319.83
median $107.73
Valuation methods
Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.
| Method | Fair value | Upside vs price |
|---|---|---|
| Forward DCF | $319.83 | +121.06% |
| Exit multiple | $118.41 | -18.16% |
| Analyst target | $97.05 | -32.92% |
| Graham number | $4.67 | -96.77% |
- Forward DCF$319.83
- Exit multiple$118.41
- Analyst target$97.05
- Graham number$4.67
Stock price
$144.68
FCF / share (TTM)
$1.36
3Y FCF CAGR
19.9%
Fair value @ hist. growth
$65.49
This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.
Implied FCF growth
31.0%
per year over your projection horizon
Margin of safety -120.9% vs hist-growth DCF
Historical 3Y CAGR
19.9%
Your model implies
31.0%
Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.
Model inputs
Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.
Undiscounted FCF per share over 10 years at 20% annual growth.
Sensitivity — implied growth vs your assumptions
Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.
| Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.1% | 27.3% | 26.4% | 25.5% | 24.4% | 23.3% |
| 9.1% | 29.9% | 29.2% | 28.4% | 27.5% | 26.5% |
| 10.1% | 32.4% | 31.7% | 31.0% | 30.2% | 29.4% |
| 11.1% | 34.7% | 34.1% | 33.5% | 32.8% | 32.1% |
| 12.1% | 36.9% | 36.4% | 35.8% | 35.2% | 34.6% |
Historical multiples
Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.
PEG
4.80
Demanding vs growth
Net cash
$1.5B
Total debt − cash
Beta
1.11
Vs market benchmark
Frequently asked questions
Fortinet (FTNT) Key Financials
Charts, filings, and peer comparison for every metric
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